Scarborough Advisors LLC Takes Position in U.S. Bancorp (NYSE:USB)

Scarborough Advisors LLC purchased a new stake in U.S. Bancorp (NYSE:USB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,101 shares of the financial services provider’s stock, valued at approximately $48,000.

A number of other large investors also recently modified their holdings of the company. QRG Capital Management Inc. bought a new position in U.S. Bancorp during the 3rd quarter worth $566,000. Qtron Investments LLC bought a new position in U.S. Bancorp during the 3rd quarter worth $282,000. CI Investments Inc. raised its position in U.S. Bancorp by 2.9% during the 3rd quarter. CI Investments Inc. now owns 44,981 shares of the financial services provider’s stock worth $1,487,000 after purchasing an additional 1,251 shares during the last quarter. Hsbc Holdings PLC raised its position in U.S. Bancorp by 23.3% during the 3rd quarter. Hsbc Holdings PLC now owns 2,607,794 shares of the financial services provider’s stock worth $86,234,000 after purchasing an additional 492,775 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in U.S. Bancorp by 4.4% during the 3rd quarter. Clearbridge Investments LLC now owns 4,978,278 shares of the financial services provider’s stock worth $164,582,000 after purchasing an additional 210,949 shares during the last quarter. 77.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. StockNews.com upgraded U.S. Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 14th. Wells Fargo & Company decreased their price target on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $45.00 price target (down from $52.00) on shares of U.S. Bancorp in a report on Thursday, April 18th. Barclays decreased their price target on U.S. Bancorp from $56.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Oppenheimer decreased their price target on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Fifteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.02.

U.S. Bancorp Price Performance

USB stock opened at $39.29 on Wednesday. The company has a market capitalization of $61.31 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 3.74 and a beta of 1.05. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.81 and a current ratio of 0.82. U.S. Bancorp has a 52-week low of $30.47 and a 52-week high of $45.85. The business has a 50-day simple moving average of $40.54 and a two-hundred day simple moving average of $41.72.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.71 billion. U.S. Bancorp had a return on equity of 13.93% and a net margin of 12.13%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS. Research analysts expect that U.S. Bancorp will post 3.84 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.99%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 64.90%.

U.S. Bancorp Company Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.